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ARKANSAS HISTORICAL QUARTERLY, Volume 32(Autumn 1973)

Study Questions for "Harvey C. Couch and the Reconstruction Finance Corporation"

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1. Harvey C. Couch is credited for creating the utilities company governed by which of the following companies?

ArklaGas
 Entergy
 Arkansas Power and Light Company
 Wal-Mart
 None of the above.
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2. Harvey C. Couch played a key role in getting established and in directing __________________________.

the Reconstruction Finance Corporation
 the Arkansas Power and Light Company
 the Public Works Administration
 the New Deal
 the United States government
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3. Harvey C. Couch was a ________________________.

Republican
 Whig
 Reformist
 Democrat
 neither of the above. He did not have a political affiliation.

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4. Who was the President of the United States at the beginning of the Depression?

Bill Clinton
 Herbert Hoover
 Franklin D. Roosevelt
 Jimmy Carter
 George W. Bush

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5. What is the abbreviation for the Reconstruction Finance Corporation?

FDIC
 RFC
 FBLA
 PWA
 None of the above. The Reconstruction Finance Corporation does not have an abbreviation.

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6. Harvey C. Couch was one of ____ directors of the Reconstruction Finance Corporation.

2
 10
 5
 7
 1 (he was the only director)

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7. What did Harvey C. Couch do to distinguish himself and to contribute to the government's efforts to end the Depression?

He offered to give the government some of his own money in order to help the economy recover.
 He suggested that the United States borrow money from other countries.
 He worked diligently with the public works division of the Reconstruction Finance Corporation to create jobs and to ease the unemployment crisis.
 He single-handedly ended the Depression.
 He did not do anything of value or importance.

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8. Harvey C. Couch firmly believed which of the following?

The unemployed people of Arkansas and of the nation would work if jobs were available.
 The Hoover administration was too cautious.
 The Reconstruction Finance Corporation and the Hoover administration should concentrate on projects that would immediately create jobs.
 Harvey C. Couch firmly believed all of the above were true.
 Harvey C. Couch did not believe that either of the above was true.

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9. Fearing defaults and long-standing public debts, the Hoover administration permitted loans

to anyone who applied
 to Hoover's friends
 only to assured income-producing projects
 only to Democrats
 to non one. This is why the Reconstruction Finance Corporation was such a huge failure and why the Depression lasted for so long.

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10. Harvey C. Couch wanted the Reconstruction Finance Corporation to concentrate on _____________________________________.

the large projects, which would lead to the government making more money
 the small projects -- such as local roads, small bridges, water and sewage systems, and small utilities programs -- which would create jobs immediately
 getting jobs for his friends
 getting its loans repaid
 none of the above

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11. Harvey C. Couch's main contribution(s) was(were):

initiating large projects (such as the San Francisco-Oakland Bay Bridge, the Los Angeles aqueduct, and the New Orleans Belt Railway Bridge) that were later completed under the Roosevelt administration.
 initiating work in an entirely new federal activity -- slum clearance and low income public housing.
 getting the government directly involved in unemployment during times of economic depression.
 paving the way for Roosevelt's New Deal, particularly the Public Works Administration.
 All of the above were major contributions made by Harvey C. Couch.

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